Keyword: fanniemaehttps://www.freerepublic.com/tag/fanniemae/
en-usSat, 3 Feb 2018 16:07:09 GMTFocus Forum15Jamie Gorelick Knew What Team She Was Onhttps://www.freerepublic.com/focus/f-news/3628890/posts
One of the faux scandals to have emerged in this crazy past week was the revelation that in December, President Trump allegedly asked his deputy attorney general, Rod Rosenstein, &#x93;Are you on my team?&#x94; Opined a trio of reporters from CNN, presumably with a straight face, &#x93;The episode is the latest to come to light portraying a President whose inquiries sometimes cross a line that presidents traditionally have tried to avoid when dealing with the Justice Department, for which a measure of independence is key.&#x94; Obama White House speechwriter Ben Rhodes was not directly referencing these reporters when he told...American Thinker.comhttps://www.freerepublic.com/focus/f-news/3628890/posts#commentSat, 3 Feb 2018 16:07:09 GMTThese Obama appointees could cause another housing collapsehttps://www.freerepublic.com/focus/f-news/3595077/posts
A pair of top Obama-appointed bank regulators still serving in the Trump administration could spark another mortgage meltdown by lowering credit standards and encouraging risky lending practices. Democrat Mel Watt, who is serving a special five-year term as head of the Federal Housing Finance Agency, is pushing the mortgage-lending giants he regulates &#x97; Fannie Mae and Freddie Mac &#x97; to offer home loans to deadbeat borrowers with shaky credit, setting up conditions for another housing-market crash, industry officials warn. Meanwhile, the other Obama holdover &#x97; liberal Democrat Richard Cordray, who continues to head the Consumer Financial Protection Bureau through 2018...NY Posthttps://www.freerepublic.com/focus/f-news/3595077/posts#commentSun, 15 Oct 2017 03:56:32 GMTFannie-Freddie Might Need $100 Billion in New Crisis, FHFA Sayshttps://www.freerepublic.com/focus/f-news/3575878/posts
see link in post belowsource content cannot be posted due to copyright issueshttps://www.freerepublic.com/focus/f-news/3575878/posts#commentWed, 9 Aug 2017 22:06:24 GMTObama Looted Fannie Mae and Freddie Machttps://www.freerepublic.com/focus/f-news/3572982/posts
President Obama never was shy about using his phone and pen to achieve what he could not get from Congress on regulatory matters. But documents revealed last week show the Obama administration may have been willing to get around congressional decisions on spending by using a slush fund of sorts funded by the profits of Freddie Mac and Fannie Mae, the two government-sponsored home loan giants. Fannie and Freddie are federally chartered enterprises which buy mortgage loans from banks and bundle them into securities that are sold to investors, thus freeing up capital so that banks can make more home...American Thinker.comhttps://www.freerepublic.com/focus/f-news/3572982/posts#commentSat, 29 Jul 2017 14:44:42 GMTFreddie Mac Going &#x27;Anti-Home Owner&#x27; by Investing in Rental...https://www.freerepublic.com/focus/f-news/3571874/posts
This is the video of an interview after the close on CNBC by Kelly Evans of Dick Bove and Josh Rosner on the NYT story by Gretchen Morgenson that showed the Obama Administration changed the agreement between the US Government and Fannie Mae and Freddie Mac by fiat ruling. Play the video at the link. If you think this isn&#x27;t worth it, just note that the video has been buried off their front page . . . since it slaps the Obama people right in the face and heaven forbid that happens on an NBC property.CNBC.Comhttps://www.freerepublic.com/focus/f-news/3571874/posts#commentTue, 25 Jul 2017 15:13:13 GMTFannie Mae Introduces Innovative Solutions for Borrowers with Student Loan Debthttps://www.freerepublic.com/focus/f-chat/3548104/posts
Fannie Mae (FNMA/OTC) announced new policies that will help more borrowers with student debt qualify for a home loan. These innovations address challenges and obstacles to homeownership due to a significant increase in student loan debt over the past decade and provide access to credit for qualified borrowers. The new solutions give homeowners the opportunity to pay down student debt with a mortgage refinance, allow borrowers to exclude non-mortgage debt paid by others as part of the loan application process, and make it more likely for borrowers with student debt to qualify for a mortgage loan by allowing lenders to...Fannie Maehttps://www.freerepublic.com/focus/f-chat/3548104/posts#commentFri, 28 Apr 2017 03:33:12 GMTObamacare Implosion Now? Since Obama (Illegally) Siphoned GSE Dividends To Prop Up ...https://www.freerepublic.com/focus/f-news/3540234/posts
Complete Headline: Obamacare Implosion Now? Since Obama Siphoned GSE Dividends To Prop Up, Can Trump Simply Halt 1st Qtr Sweep? Earlier this month, Harvard Ph.D. Jerome Corsi of InfoWars (@jerome_corsi) and a CPA &#x22;who worked for two years for a major U.S. accounting firm as an outside auditor for Freddie Mac,&#x22; confirmed a 2012 scheme hatched by the Obama administration to funnel hundreds of billions in dividends from Government Sponsored Enterprises (GSE) Fannie Mae and Freddie Mac to prop up the failing Obamacare program - by paying subsidies to insurers to remain in the system. [Snip] The conclusion reached by...ZeroHedgehttps://www.freerepublic.com/focus/f-news/3540234/posts#commentSun, 2 Apr 2017 07:16:31 GMTInvestors in America&#x27;s housing-finance giant lose in court (Fannie and Freddie)https://www.freerepublic.com/focus/f-news/3529390/posts
One unresolved issue from the financial crisis is the future of Fannie Mae and Freddie Mac, the two firms that stand behind much of America&#x92;s housing market. Fannie and Freddie purchase mortgages, bundle them into securities and sell them on to investors with a guarantee. When America&#x92;s housing market collapsed a decade ago, the government had to bail them out. Its treatment of the firms since then has created a titanic legal struggle. Shareholders have cried foul. On February 21st, a federal appeals court upheld a ruling in the government&#x92;s favour. At issue is the Obama administration&#x92;s decision in 2012...Economisthttps://www.freerepublic.com/focus/f-news/3529390/posts#commentMon, 27 Feb 2017 02:24:16 GMTJared Kushner, Beware of Jamie Gorelickhttps://www.freerepublic.com/focus/f-news/3512834/posts
More than a few of my Washington allies noticed a seemingly unremarkable bit of news in a Monday Washington Post article that they thought I ought to see. The article concerned Jared Kushner&#x92;s appointment as adviser to his father-in-law Donald Trump. The appointment did not trouble my friends. What troubled them was the Post&#x92;s casual mention that Kushner&#x92;s attorney was none other than Jamie Gorelick, deputy attorney general under President Bill Clinton. Observed the Post, Gorelick &#x93;is confident that the anti-nepotism statute does not cover Trump&#x27;s appointment of Kushner.&#x94; Nepotism was the thrust of the article. The Post made no...American Thinkerhttps://www.freerepublic.com/focus/f-news/3512834/posts#commentWed, 11 Jan 2017 12:21:31 GMTHillary, Gorelick, and the Corruption of the TWA 800 Case
https://www.freerepublic.com/focus/f-news/3472113/posts
As I was writing my new book on TWA Flight 800 --TWA 800: The Crash, The Cover-Up, The Conspiracy, now available wherever you buy books -- I wondered how Hillary Clinton&#x92;s success would affect the book&#x92;s. On the up side, if Hillary were nominated, the book would be more relevant as she was at the quiet center of the action. On the down side, her nomination would increase the odds that a protective major media would continue to ignore the great untold story of our time. The media run the risk of being the only adults who do not know...The Americanc Thinkerhttps://www.freerepublic.com/focus/f-news/3472113/posts#commentThu, 22 Sep 2016 04:36:03 GMTFannie, Freddie and the Secrets of a Bailout With No Exithttps://www.freerepublic.com/focus/f-news/3432639/posts
When Washington took over the beleaguered mortgage giants Fannie Mae and Freddie Mac during the collapse of the housing market and the financial crisis of 2008, it was with the implicit promise that they would be returned to shareholders after being nursed back to health. But now, with the unsealing of documents this week that were produced as part of a lawsuit filed against the government, new evidence is coming to light on how intimately the White House was involved in the Treasury&#x92;s decision in August 2012 to keep all the companies&#x92; profits for the government. That move effectively maintained...New York Timeshttps://www.freerepublic.com/focus/f-news/3432639/posts#commentSat, 21 May 2016 14:26:36 GMTFannie Mae posts $1.1B profit in 1Q; paying $919M dividendhttps://www.freerepublic.com/focus/f-news/3427692/posts
Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments it uses to hedge against rate swings. [&#x85;] Washington-based Fannie is paying a dividend of $919 million to the U.S. Treasury next month. Fannie will then have paid a total $148.5 billion in dividends, exceeding the $116 billion it received from taxpayers during the financial crisis. &#x85;Associated Presshttps://www.freerepublic.com/focus/f-news/3427692/posts#commentThu, 5 May 2016 12:50:04 GMTU.S. Government Is Now a Major Counterparty to Wall Street Derivativeshttps://www.freerepublic.com/focus/f-bloggers/3424311/posts
According to a study released by the Federal Reserve Bank of New York in March of last year, U.S. taxpayers have already injected $187.5 billion into Fannie Mae and Freddie Mac, two companies that prior to the 2008 financial crash traded on the New York Stock Exchange, had shareholders and their own Board of Directors while also receiving an implicit taxpayer guarantee on their debt. The U.S. government put the pair into conservatorship on September 6, 2008. The public has been led to believe that the $187.5 billion bailout of the pair was the full extent of the taxpayers&#x92; tab....Wall Street on Paradehttps://www.freerepublic.com/focus/f-bloggers/3424311/posts#commentMon, 25 Apr 2016 02:43:59 GMTFannie and Freddie: REO inventory declined in Q4, Down 34% Year-over-yearhttps://www.freerepublic.com/focus/f-chat/3400267/posts
Fannie Mae reported the number of REO declined to 57,253 at the end of 2015 compared to 87,063 at the end of 2014... Freddie Mac reported the number of REO (Real Estate Owned) declined to 17,004 at the end of 2015 compared to 25,768 at the end of 2014. REO inventory decreased in Q4 for both Fannie and Freddie, and combined inventory is down 34% year-over-year. For Freddie, this is the lowest level of REO since Q4 2007. &#xC2;&#xA0;For Fannie, this is the lowest level since Q2 2008.Calculated Risk Bloghttps://www.freerepublic.com/focus/f-chat/3400267/posts#commentMon, 22 Feb 2016 16:38:10 GMTFannie Mae at risk of needing a bailouthttps://www.freerepublic.com/focus/f-news/3399592/posts
Fannie Mae, the state-sponsored U.S. mortgage backer, is at risk of needing a government bailout that could shake confidence in the housing finance market, senior officials have warned. Fannie Mae&#x27;s chief executive and its regulator are sounding the alarm on a decline in the institution&#x27;s capital cushion, which is on course to vanish in 2018, when it would have to ask the US Treasury for emergency funds. Their warnings highlight Washington&#x27;s inaction on housing policy and its failure to reform the institution, which guarantees nearly $3 trillion of securities and enables 30-year fixed rate loans, following the last financial crisis....CNBChttps://www.freerepublic.com/focus/f-news/3399592/posts#commentSat, 20 Feb 2016 17:14:46 GMTThe Government Boldly Just Set Up Another Real Estate Meltdownhttps://www.freerepublic.com/focus/f-news/3383172/posts
Fannie Mae, the federally sanctioned mortgage giant, has just announced a new program that shows that they learned absolutely nothing from the last real estate meltdown. This new program, called &#x22;HomeReady&#x22; in a fit of hopeful and wishful thinking, reduces loan underwriting standards. It&#x27;s designed to allow &#x22;underserved&#x22; individuals the opportunity to buy a home - focused primarily on low-income and minority borrowers. Other than the last group of under qualified borrower-friendly loans and regulations from the mid-2000s, it&#x27;s the stupidest real estate loan idea that I&#x27;ve ever seen. The new loan &#x22;features&#x22; reduced credit score requirements and allows borrowed...Townhall.comhttps://www.freerepublic.com/focus/f-news/3383172/posts#commentWed, 13 Jan 2016 17:02:03 GMTToo Big to Fail: The Sequel?https://www.freerepublic.com/focus/f-news/3385823/posts
Movie sequels are rarely as good as the original films on which they&#x27;re based. The same dictum, it appears, holds for finance. The 2008 housing market collapse was bad enough, but it appears now that we&#x27;re on the verge of experiencing it all again. And the financial sequel, working from a similar script as its original version, could prove to be just as devastating to the American taxpayer. The Federal National Mortgage Association (commonly referred to as Fannie Mae) plans a mortgage loan reboot, which could produce the same insane and predictable results as when the mortgage agency loaned so...Townhall.comhttps://www.freerepublic.com/focus/f-news/3385823/posts#commentWed, 20 Jan 2016 00:12:14 GMTOne Weird Chart That Explains the Great Recessionhttps://www.freerepublic.com/focus/f-news/3343357/posts
Everybody knows that &#xE2;&#x80;&#x9C;greedy bankers&#xE2;&#x80;&#x9D; were to blame for the Crash of 2008. The Democrats and their willing accomplices told us that years ago and they are sticking to their story. But there is another suspect that ought to be right in the dock along with the bankers. Its mild-mannered name is &#xE2;&#x80;&#x9C;agency debt.&#xE2;&#x80;&#x9D; It&#xE2;&#x80;&#x99;s the debt of federal agencies and government-sponsored enterprises (GSEs) that is not included in the National Debt. In other words, when you go to the U.S. Treasury&#xE2;&#x80;&#x99;s Debt to the Penny page, and find that on September 27, 2015 the debt was $18,151,073,031,331.50 you...American Thinkerhttps://www.freerepublic.com/focus/f-news/3343357/posts#commentThu, 1 Oct 2015 15:05:57 GMTMeet Obama&#x27;s Kissingershttps://www.freerepublic.com/focus/f-news/3164487/posts
If the Bergdahl uproar feels creepily reminiscent of the Benghazi uproar, or the Syrian &#x22;red line&#x22; uproar, or the choose-your-own- Obama -foreign-adventure uproar, it&#x27;s because they all have a common denominator. This is what happens when political hacks formally take over foreign policy. It&#x27;s the &#x22;formal&#x22; point that bears some meditation. Barack Obama isn&#x27;t the first president to make foreign-policy decisions on the basis of domestic political calculations. He does, however, win the distinction of being the first president to utterly disregard&#x97;to treat with contempt&#x97;the institutions and procedures that were designed to help the commander in chief insulate the serious...Wall Street Journalhttps://www.freerepublic.com/focus/f-news/3164487/posts#commentFri, 6 Jun 2014 15:35:31 GMTMeet the 41 Companies That Donate Directly to Planned Parenthoodhttps://www.freerepublic.com/focus/f-chat/3315055/posts
In the wake of two videos allegedly showing Planned Parenthood officials discussing the sale of aborted fetal body parts, Republicans in Congress are working to ensure that Planned Parenthood is stripped of its federal funding. However, it&#x92;s not only the government that fills Planned Parenthood&#x92;s coffers. According to 2nd Vote, a website and app that tracks the flow of money from consumers to political causes, more than 25 percent of Planned Parenthood&#x92;s $1.3-billion annual revenue comes from private donations, which includes corporate contributions. 2nd Vote researched the corporations and organizations to find which supported Planned Parenthood and found that more...dailysignal.comhttps://www.freerepublic.com/focus/f-chat/3315055/posts#commentWed, 22 Jul 2015 08:21:17 GMTHow The Government Caused The Mortgage Crisis [Overregulation vs Free Markets]https://www.freerepublic.com/focus/f-chat/3296861/posts
It wasn&#x27;t greed that caused the mortgage mess. In large part, the mess was the product of government policies designed to increase home ownership among the poor and ethnic minorities. Today Peter Wallison points out how Fannie Mae, Freddie Mac and the FHA created a demand for bad mortgages that encouraged mortgage brokers to generate millions of them. From the Wall Street Journal: Mortgage brokers had to be able to sell their mortgages to someone. They could only produce what those above them in the distribution chain wanted to buy. In other words, they could only respond to demand, not...Business Insiderhttps://www.freerepublic.com/focus/f-chat/3296861/posts#commentThu, 4 Jun 2015 16:58:13 GMTBank Bashing, the Modern Nero&#x27;s Fiddle [Holman W. Jenkins, Jr.]https://www.freerepublic.com/focus/f-news/3293547/posts
Received wisdom about the 2008 financial crisis has not been faring well lately. Peter Wallison, a scholar at the American Enterprise Institute, demonstrates in a new book that the subprime housing boom was fostered mainly by federal housing politics and policy, not by the rampant &#x22;deregulation&#x22; that many have imagined out of whole cloth. Another revelation: The New York Fed staff, as we belatedly learned last year, prepared an analysis showing that Lehman at the time of its collapse was theoretically solvent after all... OK, what about &#x22;too big to fail&#x22;? Nobody has found an email from a CEO saying,...Wall Street Journalhttps://www.freerepublic.com/focus/f-news/3293547/posts#commentTue, 26 May 2015 14:09:30 GMTFannie Mae accused of neglecting foreclosed homes in nonwhite communitieshttps://www.freerepublic.com/focus/f-chat/3289519/posts
A national fair housing organization has filed a complaint with the U.S. Department of Housing and Urban Development, charging that Fannie Mae is not properly caring for and marketing foreclosed homes it owns in nonwhite communities. The National Fair Housing Alliance alleges Fannie Mae violated the federal Fair Housing Act in nonwhite, working-class communities in the Chicago area as well as in 33 other metropolitan areas. Nineteen fair housing groups in various cities, including three in the Chicago area, joined the alliance in the complaint against Fannie Mae. &#x22;Fannie has more foreclosures in the United States than anybody else,&#x22; said...Chicago Tribunehttps://www.freerepublic.com/focus/f-chat/3289519/posts#commentWed, 13 May 2015 20:40:44 GMTThe Timeline Projecthttps://www.freerepublic.com/focus/f-bloggers/2093845/posts
Let&#x27;s collaboratively build a timeline of this disaster, starting with when these agencies were formed, tracking the legislation that was not only passed, but proposed, and quotes from who supported and opposed it. PLEASE INCLUDE URLs so we can link to sources. Here&#x27;s a start. 1938 Fannie Mae, or the Federal National Mortgage Association, was founded in 1938. http://www.law.cornell.edu/uscode/html/uscode12/usc_sup_01_12_10_13_20_III.html 1954 1954 Charter Act 1968 1968 Charter Act 1970 Freddie Mac, or the Federal Home Loan Mortgage Corporation, was established in 1970 1989 Financial Institutions Reform, Recovery, and Enforcement Act of 1989 1990, James A. Johnson went to work for Fannie...varioushttps://www.freerepublic.com/focus/f-bloggers/2093845/posts#commentTue, 30 Sep 2008 13:38:27 GMTMy Life as a Gay Congressmanhttps://www.freerepublic.com/focus/f-bloggers/3269172/posts
n 1986, I was as ready to leave the closet as I would ever be&#x97;but how would I do so? Though I was a third term Democratic congressman from Massachusetts, I had lived too long with the burden of &#x93;the gay thing&#x94; to treat coming out as a political matter alone. For many years, I was ashamed of myself for hiding my membership in a universally despised group. I&#x92;d been afraid of exposure, and angry at myself for my self-denial. I&#x92;d felt shame as I watched younger gay men and lesbians confront the bigots openly with a courage that I...politico.comhttps://www.freerepublic.com/focus/f-bloggers/3269172/posts#commentWed, 18 Mar 2015 13:45:26 GMT